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Industry News from Energy Services

  • October 23rd, 2024

Oil slips on higher US crude stockpiles; market watches Middle East

Oil prices fell on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. ›

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  • October 22nd, 2024

European Gas Steadies as Traders Eye Near-Term Geopolitics Risks

European natural gas prices fluctuated as traders remained fixated on near-term geopolitical risks in the Middle East which threaten to disrupt energy markets. ›

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  • October 22nd, 2024

Oil prices dip as Blinken arrives in Israel for talks, China demand weighs

Oil prices eased on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh on the market. ›

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  • October 21st, 2024

Europe Gas Edges Higher as Israel Prepares Response After Attack

European natural gas prices edged higher as Middle East tensions brought a fresh wave of volatility to the market. ›

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  • October 21st, 2024

Oil prices regain ground after 7% weekly drop

Oil prices edged up in Asian trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. ›

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  • October 18th, 2024

Oil steadies, but on track for biggest weekly loss in over a month

Crude oil futures steadied on Friday after strong U.S. retail sales data and the emergence of more fiscal stimulus to boost China’s economy, though prices were still headed for their biggest weekly loss in more than a month. ›

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  • October 17th, 2024

Oil prices flat as investors await US inventory data

Oil prices traded flat on Thursday as investors eye developments in the Middle East and more details on China’s stimulus plans, and await the release of official U.S. oil inventory data. ›

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  • October 16th, 2024

European Gas Prices Edge Higher as LNG Demand Picks Up

European natural gas prices moved higher as demand for seaborne fuel picks up following a drop earlier this year. ›

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  • October 16th, 2024

Oil steadies after sharp fall, Middle East uncertainty persists

Oil prices inched higher on Wednesday amid uncertainty over what may happen next in the Middle East conflict, after demand concerns knocked the market to its lowest since early October in the previous session. ›

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  • October 15th, 2024

European Gas Prices Follow Oil Lower as Israel Weighs US Warning

European natural gas prices slumped after a report that Israel is willing to avoid striking oil and nuclear targets when it retaliates against Iran for a recent attack. ›

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